Agricultural Research Foundation

EIN: 930400250 501(c)(3)

CORVALLIS, OR

Total Revenue
$12,512,225
Total Expenses
$11,840,212
Total Assets
$35,776,063
Net Assets
$29,043,559
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Financial Trends

Organization Details

Formation Year
1934
Legal Domicile
OR
Principal Officer
Mike Macnab
Phone
5417373228
Tax Period
2023-07-01 to 2024-06-30

Agricultural Research Foundation, founded in 1934, is a mid-sized nonprofit that reported $12.5M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $11.8M left a modest 5% surplus.

Mission

OUR MISSION IS TO ENCOURAGE FACILITATE AID AND ENGAGE IN SCIENTIFIC INVESTIGATION RESEARCH EXPERIMENTATION AND TO SUPPORT EDUCATIONAL TRAINING ACTIVITIES RELATING TO AGRICULTURE AND NATURAL RESOURCES THROUGHOUT THE STATE OF OREGON AND BEYOND.

Program Service Accomplishments

Program 1
Expenses: $11,296,824 Revenue: $8,505,798

The Agricultural Research Foundation ARF established in 1934 plays a vital role in promoting research in various agricultural and related fields to benefit Oregons agricultural and natural resource...

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The Agricultural Research Foundation ARF established in 1934 plays a vital role in promoting research in various agricultural and related fields to benefit Oregons agricultural and natural resource industries. As the custodian of donated research funds including private and public donations as well as contract funds from commodity commissions and producer associations ARF facilitates research conducted at Oregon State University OSU facilities in Corvallis and throughout the state. Additionally ARF collaborates on cooperative projects with university scientists in other states. In the fiscal year 2023-24 ARF reported a total income of $11.1 million from gifts and contracts alongside approximately $1.26 million in investment earnings. A significant portion of the funds approximately $11.3 million was allocated towards research activities including support through ARFs competitive grant program. This program plays a crucial role in providing small grants to both new and established scientists aiding in the launch of new research programs and activities. The research initiatives supported by ARF in 2023-24 encompassed a wide range of topics from studying plastic ingestion by marine animals to addressing winter squash storage rots and establishing fertilizer guidelines for hazelnut trees. The diverse array of research projects included studies on crop production plant breeding livestock management environmental toxins and energy production reflecting the foundations commitment to advancing knowledge in key areas impacting the agricultural industry. Founded on the vision of fostering a strong collaborative partnership between OSU and Oregons agricultural and natural resource sectors ARF continues to uphold this vision by actively working towards enhancing these partnerships each year. Through its dedication to supporting innovative research and fostering connections between academia and industry ARF remains a cornerstone in advancing agricultural knowledge and practices for the benefit of Oregons agricultural community and beyond.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,596,110
Program Service Revenue $8,505,798
Investment Income $1,410,317
Other Revenue $0
TOTAL REVENUE $12,512,225

Expense Breakdown

Grants Paid $11,189,388
Salaries & Benefits $458,497
Fundraising Expenses $0
Program Expenses $11,296,824
Other Expenses $192,327
TOTAL EXPENSES $11,840,212

Year-over-Year Comparison

2023 2022 Change
Revenue $12,512,225 $10,584,705 +0.2%
Expenses $11,840,212 $8,852,435 +0.3%
Net Income $672,013 $1,732,270 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
24
Independent Members
24
Employees
5
Volunteers
24

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$399,328
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSH KVIDT EXECUTIVE DIRECTOR 40.00
Officer
$132,339 $52,656 $184,995
YING WANG CONTROLLER 40.00
Officer
$87,638 $9,276 $96,914
CHARLENE WILKINSON APPOINTED SECRETARY 40.00
Officer
$74,055 $43,364 $117,419
RALPH FISHER PRESIDENT 2.00
Officer Director
$0 $0 $0
MIKE MACNAB VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
LANCE LYON VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
MICHELLE DAVIS SECRETARY TREASURER 2.00
Officer Director
$0 $0 $0
STELLA COAKLEY DIRECTOR 2.00
Director
$0 $0 $0
TAMI KERR DIRECTOR 2.00
Director
$0 $0 $0
JEAN MCKINNEY DIRECTOR 2.00
Director
$0 $0 $0
BRYAN OSTLUND DIRECTOR 2.00
Director
$0 $0 $0
SHELLY SOREM DIRECTOR 2.00
Director
$0 $0 $0
BUD WEISER DIRECTOR 2.00
Director
$0 $0 $0
TIM ELBERT DIRECTOR 2.00
Director
$0 $0 $0
RON HATHAWAY DIRECTOR 2.00
Director
$0 $0 $0
MIKE HESSEL DIRECTOR 2.00
Director
$0 $0 $0
ELIZABETH LEVI DIRECTOR 2.00
Director
$0 $0 $0
TODD NASH DIRECTOR 2.00
Director
$0 $0 $0
MARTY VAVRA DIRECTOR 2.00
Director
$0 $0 $0
TRICIA WALKER DIRECTOR 2.00
Director
$0 $0 $0
DAVID BECK DIRECTOR 2.00
Director
$0 $0 $0
RUSS KAROW DIRECTOR 2.00
Director
$0 $0 $0
LOREN KELLOGG DIRECTOR 2.00
Director
$0 $0 $0
PATRICK MALONE DIRECTOR 2.00
Director
$0 $0 $0
MIKE OMEG DIRECTOR 2.00
Director
$0 $0 $0
GIL SYLVIA DIRECTOR 2.00
Director
$0 $0 $0
MIKE WEBER DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $12,512,225 $11,840,212 $35,776,063 $672,013
2023 $10,584,705 $8,852,435 $34,361,445 $1,732,270
2022 $10,957,714 $10,474,622 $32,352,057 $483,092
2021 $13,573,525 $7,953,721 $33,193,912 $5,619,804
2020 $9,336,784 $9,734,337 $29,859,368 $-397,553
2019 $9,905,380 $8,953,075 $33,029,123 $952,305
2018 $9,719,163 $9,429,146 $29,492,954 $290,017
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